The fiscal storm that buffeted New York's Metropolitan Transportation Authority for months has abated somewhat after lawmakers finally came up with new revenue streams for the stressed agency, but the forecast is still cloudy.

While legislation passed last week provides for a new payroll tax and mandates other fees to fund the MTA's needs, the authority still must grapple with a huge debt burden, escalating debt service and pension obligations, and still-unfunded capital projects for its aging subway system. The recession also has slashed its share of real estate transfer taxes.

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